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Gen's Group
In this Group: Gen, Monina, Asteria
Gen U. is from the village of Villaflor in Oroquieta City. She is 46 years old. Gen is the leader of a 3-member loan group sponsored by GDMPC. Although each member of the group receives an individual loan, they are collectively responsible for repaying the loans of their fellow group members if someone is delinquent or defaults.

Gen is married and has 2 adult children. To make a living, Gen owns and operates a store where she sells snacks and other delicacies in the local community. Gen has been engaged in her business for over 1 year and earns approximately 2800 PHP a month from these activities.

In 2010, Gen joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Gen is requesting a loan of 4000 PHP to purchase additional product to sell. This will be Gen's first loan from GDMPC. She plans to use the additional revenue generated from the business to improve/expand her business.

About GDMPC:

GDMPC is one of the most progressive cooperatives in Mindanao, Philippines.

*Note: To maximize efficiency and reduce costs, this loan was posted using a template to automate the translation by Kiva. Given that manual translation of entrepreneur profiles is costly, Kiva created this template for our Field Partner to allow them to continue to post loans in English while providing quality and accurate information to Kiva lenders.

Additional Information

About GDMPC

Gata Daku Multi-Purpose Cooperative (GDMPC) was founded in 1992 by 32 farmer-members to empower people by providing livelihood opportunities and other support services. Today, it has over 15,000 members located in upland, lowland and coastal regions of the Philippines, and offers credit, savings, education, and various social services.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Philippines

  • $7,000
    Average annual income
  • 1415
    View loans »
    Philippines Loans Fundraising
  • $59,134,475
    Funds lent in using Kiva
  • 46.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A portion of Gen's Group's $275 loan helped a member to purchase additional products to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 12, 2010
Listed
Mar 1, 2010
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2010